@Honest_John Hey there, thanks for getting in touch!
An interest-free period is the amount of time you have to pay back what you owe on a credit card before having to pay any interest. You still have to make your minimum monthly repayments within this period.
Your minimum payment amount and due date would have been confirmed to you in your statement. Did you receive this?
Thanks for taking the time to confirm conclusion that I have reached.
Yes there was reference to minimum payment on statement, but assumed that this was error, and only applicable had the debt not been due to interest free transfer.
I still consider it very misleading that payments are required during the interest-free period on balance transfers. It's not as if there isn't a charge to set it up.
Also, I have tried to find it in the small print, and haven't found it yet.
Probably same for all the banks, but leaves a bitter taste Tesco.
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How we collect and use your personal data
Tesco Personal Finance plc, trading as Tesco Bank as part of the Tesco Group take the security of your data seriously. We want you to be confident that your data is safe and secure with us and understand how we use it.
We collect data when you browse our website (e.g. your IP address) and register for the Community. To find out more about how we use your data, our legal basis for processing your data and your rights under data protection laws please view our Privacy Policy.
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Tesco Bank Community Terms of Service v 1.0
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ChristopherP
